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Google Ventures, VCs backing tech focused on genomics

In its examination of the many potential challenges in genomics, Bloomberg made note of how venture capital is playing a role in advancing technologies that aim to tap the full potential of genomic data. Krishna Yeshwant, a partner at Google Ventures, told the news service that Google's ($GOOG) venture unit has placed a "significant" bet on startups in this field. Last year, the group backed Mountain View, CA-based DNAnexus, which provides software for analyzing genomic data, and Cambridge, MA-based Foundation Medicine, which is using DNA sequencing data to develop cancer diagnostics and other products. The article also mentions venture-backed GenomeQuest, a Westborough, MA-based provider of genomics software. Article

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